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Yo Gotti Didn't Know He Had To Pay Property Taxes On Houses He Paid Cash For — 'They Didn't Teach Me That In School'

Yo Gotti did not pay his property taxes for years due to a lack of information. During an interview with podcast “Earn Your Leisure,” the rapper revealed he was unaware he had to pay back taxes to the government. He viewed taxes as a celebration as he recalled the gifts he would receive from his mother around tax season. He didn’t know these gifts were likely coming because she had received a tax refund. “I grew up thinking, when you heard of taxes, my mama and ’em got tax money. That’s when we got new Jordans. We got new outfits… It was a celebration when it was tax time,” he said. “We was waiting on tax time. It was better than Christmas. So, I didn’t know… even in my early stages of getting money, I didn’t know we had to pay. I didn’t know because of a lack of information; they didn’t teach me that in school.” Lack of financial literacy carried over into how Yo Gotti did business too. As an investor in real estate early on, he purchased 10 to 15 homes with cash. However, he...

Jun 12, 2024

Rick Ross To Auction Off Rare Items, Proceeds Set To Support Business Owners

Rick Ross is auctioning off items for a good cause. According to Billboard, the rapper is teaming up with Julien’s Auctions to host Push It to the Limit: Luxury and Lifestyle, a two-day event held June 25-26 live and online with 800 items up for grabs. People mentions items such as Ross’ exclusive collection of street and contemporary art, designer wear, rare sneakers, and music memorabilia like Michael Jackson’s sealed “ONE” by Cirque du Soleil light-up glove , and more. Specific items include the Air Jordan Retro 5 “University of Michigan Fab 5” PEs (estimated value, $2,000-$3,000); Air Maxes (est. $1,000-$2,000); DJ Khaled “Father of Asahd” Air Jordans (est. $3,000-$5,000) and Virgil Abloh Off-White collaborations (est. $500-$700); Versace silk shirts (est. $500-$700); and designer sunglasses and varsity jackets (est. $200-$500); among others, per Billboard. View this post on Instagram A post shared by Julien's Auctions (@juliens_auctions) What’s more, in partnership with The...

Jun 11, 2024

Will Smith Says He Was 'Broke-Broke' After Not Paying Taxes For 2 Years — 'I Sold Everything In Philly'

Will Smith learned a tough financial lesson early on in his career. During an episode of the podcast, “7PM in Brooklyn with Carmelo Anthony & Kid Mero,” Smith reflected on a peak moment in his career in 1988. Smith had won a Grammy for Best Rap Performance with DJ Jazzy Jeff for their single “Parents Just Don’t Understand,” Pop Sugar reports. Their win was even more significant because it was also the year that the Best Rap Performance category was introduced. However, that career highlight also came during a time when Smith ran into trouble for neglecting to pay his taxes. “I was like, you know the IRS gets money from everybody, they don’t like need mine, but they felt differently,” Will said on the podcast. “So, I didn’t pay taxes for the two years and won a Grammy and all that. So, they just thought they should take my stuff. So, I was a little down, and I went out to L.A. I sold everything in [Philadelphia, PA], like I was, like, broke-broke sold everything in Philly.” According...

Jun 10, 2024

Ray J Reveals Shaquille O’Neal Invested $1.5M In His Music Career

Shaquille O’Neal once invested in Ray J’s music career. During an interview on Shannon Sharpe’s podcast “Club Shay Shay,” the R&B singer-turned-entrepreneur reveals he received $1.5 million from the former Los Angeles Lakers basketball player to support “Sexy Can I,” the first single from his 2008 studio album “All I Feel.” The single featuring Yung Berg would go on to become a top 10 hit on Billboard. O’Neal saw a big return on that investment , Ray J says on the podcast. “He gave us $1.5 [million] for the ‘Sexy Can I’ project, which was the ‘All I Feel’ project, and ‘Sexy Can I’ was the record to lead off. It sold 8 million copies,” Ray J told Sharpe. “We recouped the number back for Shaq, and I don’t know five months, six months, and everything else has been profitable ever since, so shout out to Shaq.” He added, “If you look at the ‘Sexy Can I’ video, you see Shaq in the video. He’s the one with the camera.” Photo Credit: YouTube/ MNRK Music Group O’Neal has distinguished...

Jun 10, 2024

Bob Marley Family And Premiere Cannabis Brand Jeeter Release 'One-Of-A-Kind Cannabis Line'

Bob Marley’s legacy continues to stand the test of times. According to a news release shared with AFROTECH™, the Bob Marley family is collaborating with premiere cannabis brand Jeeter to launch a limited edition Jeeter x Bob Marley “One Love” Unity Joint. The venture is in alignment with the late singer who often smoked weed for its spiritual and medicinal properties as a Rastafarian, GQ reports. To bring the product to the public, Jeeter and the Marley family took a trip to Nine Mile, Bob’s birthplace located in Jamaica, where the team immersed themselves in the culture and music. Additionally, the Marley family worked closely with Jeeter to assist with the strain and packaging to ensure the final product was authentic to Bob’s legacy. “Jeeter’s work in the cannabis space has been incredible,” expressed Cedella Marley, Bob’s daughter and CEO of Bob Marley Group of Companies. “Cannabis culture and the Marley movement go hand in hand. Jeeter’s deep dive into Jamaican culture has been...

May 24, 2024

Snoop Dogg To Auction His Memorabilia, Including Master Recording Tapes

Snoop Dogg will be auctioning some of his own memorabilia. Variety reports the rapper is partnering with sports-and-music auction house The Realest — created by producer and radio host Scott “DJ Skee” Keeney — to auction off items through a project titled “ The Shiznit.” Items will include photos, Playstations, production books, autographed TV scripts, platinum discs, autographed jackets and jerseys, master recording tapes (copyrights to the music will not be included), and an autographed Death Row Records chain. “The items he is putting up are iconic,” Keeney told Variety. “Everything from lyrics, awards — like ‘Pimp of the Year’! — unreleased tapes, outfits, sample toys, photos, scripts, concert riders, even a Snoop-authenticated smoked blunt in a crazy display case and ashtray.” Furthermore, Keeney, who launched The Realest in December 2023 and raised $4.6 million in seed funding in a round led by KB Partners, has a rigorous process to ensure the offerings being sold are...

May 22, 2024

The Beyoncé Effect Has Led Black-Owned Businesses To See A Spike In Cowboy Apparel

The Beyoncé effect strikes again! The world is still processing the brilliance behind the Houston, TX-born artist’s latest album “Cowboy Carter,” which features singles including “Blackbiird,” “Texas Hold ‘Em,” and “Riiverdance.” The album is certainly making its mark in music, breaking records as the most-streamed album in a single day on Spotify in 2024 when it was released, People reports. It also debuted at No. 1 on the Billboard 200 chart, the eighth time for the star on the chart. To no surprise, “Cowboy Carter” could be a contender for next year’s Album of The Year at the Grammy Awards too. While its status in music is clear, the album is also making its way in business. According to NBC News, Black-owned businesses have experienced an increase in demand for cowboy apparel following its release. This includes athleisure brand KIN Apparel founded by Philomina Kane, who jokingly shared as an April Fool’s prank on Instagram that the brand would be selling satin-lined cowboy...

May 21, 2024

Nicki Minaj's North American Leg Of The 'Pink Friday 2 World Tour' Makes History As The Highest-Grossing Rap Tour For A Woman

Nick Minaj’s latest tour is breaking records! According to Billboard, the Queens, NY, native’s “Pink Friday 2 World Tour” is the highest-grossing and bestselling rap tour by a woman in Billboard Boxscore history after reports revealed that it grossed $67 million and sold 439,000 tickets. Kicking off on March 1 in Oakland, CA, the tour’s first stop brought Minaj $2.3 million thanks to 14,000 tickets sold. The show concluded on May 13 in Oklahoma City, OK. She now joins the likes of her former label mate Drake, as well as Kendrick Lamar, Future, and a host of other rappers with high-grossing tours. Not to mention, she bumped out Doja Cat, who just five months prior had set the record with $37.3 million for “The Scarlet Tour.” With four double-headers, the “Pink Friday 2 World Tour” brought in more than $3 million for each stop in Atlanta, GA; Boston, MA; Brooklyn, NY; Chicago, IL; and Toronto, Canada. Minaj’s biggest moneymaking nights were both in New York, at the Brooklyn Barclays...

May 17, 2024

Tracy Chapman’s Multi-Million Dollar Net Worth Is a Testament to Her Artistry

Tracy Chapman is best known for her breakout single, “Fast Car,” which saw a huge rise in popularity in 2023 thanks to a cover by country artist Luke Combs. It was 1988 when the original song came out, one of 11 tracks on her self-titled debut LP that year. Chapman, a talented musician from childhood, released albums steadily through the late 80s and early 90s. She’s taken a few hiatuses over the years and keeps her personal life notoriously private, but after such a successful career, people want to know about Tracy Chapman’s net worth . What Is Tracy Chapman’s Net Worth? (Photo by KMazur/WireImage) The multi-talent was born in Cleveland on March 30th, 1964, where she grew up with her mother after her parents divorced. While the Chapman family didn’t have much money, Tracy’s mom fostered her love for music, starting her off with a ukelele at age three. From there, the 60-year-old has gone on to become a Grammy Award winner and proud activist, as well as an influence on creatives...

May 17, 2024

Donna Summer’s Estate Reaches 'Global Settlement' With Kanye West For Possibly Using An AI-Generated Version Of 'I Feel Love' In His Song

A resolution has been reached for a song that was removed from Kanye West’s “Vultures 1” album. Per Rolling Stone, “Good (Don’t Die)” had been pulled from streaming platforms Spotify and Apple as it allegedly infringed on the rights of Donna Summer. Her estate claimed the song was created through a “blatant theft” of her single “I Feel Love” and had filed a copyright infringement lawsuit in February 2024. “In the face of this rejection, defendants arrogantly and unilaterally decided they would simply steal ‘I Feel Love’ and use it without permission,” the lawsuit said, according to Rolling Stone. The outlet also stated: “The filing accused the songwriters of re-recording ‘almost verbatim’ the most ‘memorable portions’ of Summer’s song, using the material as the hook for their own song, and releasing their infringing track ‘knowing they had tried and failed to secure legal permission.’” Furthermore, the official Donna Summer account had shared in its Instagram Story on Feb. 10 that...

May 16, 2024

Chris Brown Explains Why He Began Investing At Age 17, Which Led To Owning 14 Burger King Restaurants And More  — 'You Need An Exit Strategy'

Chris Brown has been in the game for a little over two decades, and making smart business moves coupled with his talent may just be the reason for his longevity in the industry. During an appearance on “The R&B Money Podcast” with hosts J. Valentine and Tank, the R&B crooner opened up about what encouraged him to make franchise investments early on in his career. “I was 17 when I started trying to invest in certain things, just ‘cause I knew… You don’t know how long you going to be successful, and it’s not like every artist can make it look like they getting money, getting money,” he told his fellow R&B comrades. “If you’re not a touring act, if you’re not doing stuff, you need an exit strategy.” As previously reported by AFROTECH™ , during a 2015 interview, Brown told US Weekly that he was the owner of 14 Burger King restaurants. This type of planning, he told the “R&B Money Podcast,” can be a game-changer for an artist. “My investments were like into Burger Kings and stuff like...

May 3, 2024

Usher's Aim Was To 'Spend Every Dollar' On The First Leg Of His Las Vegas Residency, Ultimately Leading It To Generate $100M

The success of Usher Raymond’s Las Vegas, NV, residency was due to his focus on legacy over profit. During an interview with V-103 Atlanta, the 2024 Super Bowl performer, often crowned with the title of being the “King of R&B,” revealed his initial intentions when he was producing the show that would go on to sell more than 470,000 tickets. His catalog which includes classic hits such as “Superstar,” “Confessions, Pt. II,” and “U Got It Bad” have remained a fixture in culture throughout the decades. His fourth studio album “Confessions,” which includes some of the aforementioned tracks, is now 14 times platinum, per Entertainment Weekly. Today, Usher is still ringing out tunes, releasing his ninth studio album “Coming Home” in February 2024, Hypebeast reports. Indebted to his fans and understanding his on going contributions to the world of music, Usher reveals he invested every dollar that he was given during the first run of his residency into the show which was held at the...

Apr 30, 2024

Will.i.am Joins Uproxx Studios As Partner And Investor, Which Is A Result Of An Acquisition Of Uproxx, HipHopDX, And More From WMG

Will.i.am is immersing himself further in the media landscape. According to a press release, he has joined Jarret Myer and Rich Antoniello in forming Uproxx Studios. It is described as a brand solutions studio led by influential leaders in media and music who will consider culture and push it forward. The new entity has been established following the acquisition of Uproxx, HipHopDX, Dime Magazine, and other major media assets from Warner Music Group (WMG), such as the exclusive license to represent its YouTube content. Looking ahead, Uproxx Studios and WMG will remain in collaboration to guarantee seamless execution for their partners. Antoniello, partner and executive chairman of Uproxx Studios as well as founder and ex-CEO of Complex Network, commented, “This is a game-changer. We’re merging the agility and freedom of an independent entity with the reach and resources of a major music label. This is the recipe for groundbreaking content and unparalleled brand experiences.” Uproxx...

Apr 25, 2024

Multi-hyphenate Tyler The Creator Has Built An Estimated $30M Fortune, But His Inner Circle Is A Key Piece To His Success — ‘I Only Surround Myself With People Who Dream’

Disruptors, in the evolutionary sense of the word, are people who have abandoned the status quo. They thrive in their differences and are typically unbothered by the societal boundaries designed to box them in. There are countless examples of these people in the world, but one clear example is Tyler, the Creator. Evidenced by his stage name, Tyler Gregory Okonma is a California native and award-winning producer and musical artist. He burst onto the scene co-founding the Hip-Hop collective Odd Future and releasing his debut mixtape 2009, titled “Bastard.” However, it was in 2011 when he released his first studio album, “Goblin,” that he started getting noticed. Reflecting, he acknowledged his musical growth and was honest about his work then. In a conversation on the “Rap Radar Podcast,” Tyler was pretty candid that while his lead single, “Yonkers,” is still one of his favorites, the album itself was not his favorite body of work. “Bro, ‘Goblin’ is f-cking terrible, but I still love...

Apr 22, 2024

Birdman Says He Still Maintains Full Ownership Of His Masters — 'I Never Allowed None Of The Labels To Own Anything'

Cash Money Records Founder Birdman experienced several losses by the age of 16, and he was determined to steer clear of any losses in the music business. Birdman, born Bryan Christopher Williams, started the label in 1991 alongside his brother Ronald “Slim” Williams, according to BET. They were able to gain traction and had the support of independent distributors such as Gonzales Music and SouthWest Distribution, XXL Magazine reports. Building popularity in the South, the label caught the attention of Universal Records and signed a deal with the company on May 10, 1997, per a Max Volume Media interview Birdman gave. He later discussed the deal during an interview on the “Wilde Ride!” podcast, revealing that he was looking to retain ownership of his music due to his upbringing. “I felt like I lost everything already. I lost my family,” he explained on the podcast. “Nothing can repay me for what I already lost. I lost my mama, my daddy, my brother, my sister… I lived a hell of a life...

Apr 19, 2024